NATIONAL UPDATES:
1.
India donates Rs 9.3 million to Mandela
Foundation: India donated Rs. 9.3 million to the Nelson
Mandela Foundation to help it in its welfare work for the people of South
Africa.
2.
Government appoints G Mahalingam as SEBI whole-time member: The government has appointed Reserve Bank's
Executive Director G Mahalingam as a Whole-Time Member of markets regulator
Sebi.
3. Cabinet approves setting up of IIM Jammu: The Cabinet today approved the setting up of an
Indian Institute of Management in Jammu as part of PM Narendra Modi's
development package for Jammu and Kashmir.
4. Punjab Agricultural
University signs MoU with Field Fresh to promote crop research:
Punjab Agricultural
University and FieldFresh Foods, a joint venture between Bharti Enterprises
& Del Monte Pacific Limited have signed a Memorandum of Understanding (MoU)
to carry out a corn productivity research programme.
5. Cabinet approves pact between EXIM Bank, NDB: Union Cabinet today approved a pact between
Export-Import Bank of India and BRICS-promoted New Development Bank, along with
other development financial institutions of member nations, with an aim to
strengthen trade and economic ties.
INTERNATIONAL
UPDATES:
1.
International Day for
Disaster Reduction observed on 13th October:
International
Day for Disaster Reduction is observed annually on 13 October. This year theme
is Live to Tell: Raising Awareness, Reducing Mortality.
2. Coordinated
Patrol and India-Indonesia Bilateral Maritime Exercise commences in Indonesia: The 28th India and Indonesia Coordinated Patrol (CORPAT) and
Second Bilateral Maritime Exercise have commenced at Belawan, Indonesia in the
Andaman Sea.
OTHER
UPDATES:
FINANCE/BANKING:
1. Bank of Baroda signs brand endorsement with
Sindhu, Srikanth: Public lender Bank of Baroda today sealed a principal sponsorship
contract with badminton Olympians P V Sindhu and K Srikanth. The three-year
deal with the two players was agreed in-principle before they represented and
made India proud on the international stage at the Rio 2016 Olympics.
2. Bank of Maharashtra renews tie-up with United India Insurance: State-run Bank of Maharashtra has renewed its corporate agency tie-up
with United India Insurance Company. Customers can buy the entire gamut of UIIC
products at any of the 1,896 branches of the bank across the country.
3. ICICI Bank first Indian lender to execute
Blockchain transaction: ICICI Bank has become the first Indian lender to complete a banking
transaction using Blockchain technology. This remittance transaction has been
completed in partnership with Emirates NBD, a lender from the West Asia.
AWARDS:
4. Bob Dylan
wins 2016 Nobel Prize in Literature: American
singer-songwriter Bob Dylan has been awarded the Nobel Prize in Literature 2016
"for having created new poetic expressions within the great American song
tradition".
5. Ramesh Pokhriyal Nishank awarded by Ugandan
government for his literary work: Former Uttarakhand
chief minister Ramesh Pokhriyal Nishank has been conferred with a prestigious
award by the Ugandan government for promoting human values through his
literature.